Raymond James Financial, Inc. (NYSE:RJF) is projected to declare fiscal first quarter financial results right before the stock market’s official open on January 25, 2017. The stock added about 25 percent in price since last results when it was at $58.94 a share. Based on the most relevant past-periods data, there is an 75 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 21 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 2 times.
Here’s how traders responded to RJF earnings announcements over the past few quarters.
Raymond James Financial, Inc. (RJF) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 9.51 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $1.28 which beat the consensus $0.98 projection (positive surprise of30.61%. For the quarter, revenue came in at 1.46B versus consensus estimate of 1.4B. The stock gained 4.78 percent the session following the earnings reports were released, and on 7th day price change was -0.49 percent.
On July 20, 2016, it reported earnings at $0.93 a share compared with the consensus estimate of $0.88 per share (positive surprise of 5.68%). Revenue of 1.36B for that quarter was above the $1.32B analysts had expected. The stock climbed 0.41% the day following the earnings announcement, and on 7th day price change was 2.39%.
On April 20, 2016, it recorded $0.9 a share in earnings which topped the consensus estimate of $0.77 (positive surprise of 16.88%). Revenue for the quarter was $1.31B while analysts called for revenues to be $1.29B. The stock gained 8.71% the day following the earnings data was made public, and on 7th day price change was 10.04%.
On January 20, 2016, it announced earnings per share at $0.73 versus the consensus estimate of $0.86 per share (negative surprise of -15.12%). That came on revenues of $1.27B for that period. Analysts had expected $1.29B in revenue.
Raymond James Financial, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.19. The analysts’ present consensus range is $1.08-$1.35 for EPS. The market consensus range for revenue is between $1.54B and $1.67B, with an average of $1.59B.
Raymond James Financial, Inc. (NYSE:RJF) last ended at $74.43, sending the company’s market cap near $10.21B. The consensus 12-month price target from analysts covering the stock is $74.25. The share price has declined -0.4% from its top level in 52 weeks and dropped 7.45% this year. It recently traded in a range of $73.4-$74.65 at a volume of 587523 shares. The recent trading ended with the price nearly 6.82 higher for the last 5 trading days, rebounding 89.66% from its 52-week low.